SIT Land Holdings Ltd

A subsidiary of SIT through board control, SIT Land Holdings Ltd (SITLH) was created in 2001 with the objective of dealing in matters relating to agriculture (cane cultivation, agricultural diversification) and to acquire, hold and/or dispose of properties in general.

Sugar Cane Cultivation

SITLH has a proven track record in sugar cane growing activities having managed an estate of 2,957 Hectares (7,007 Arpents) since its creation.

Presently, the company holds 1,023 Hectares (2,425 Arpents) of land still under sugar cane cultivation. The company’s land bank is grouped under 3 principal blocks, at Highlands, Britannia and Mon Trésor respectively. It is worth noting that all the agricultural operations are managed by SITLH.

We present a table showing our cane production statistics since the year 2002 to 2012 as follows:

Financial Year

Land under Management (Arpents)

Area harvested (Arpents)

Cane Production (Tons)

Sugar Production (Tons)

2002*

7,007

-

-

-

2003

5,175

2,293

161,299

17,663

2004

4,731

1,955

147,855

15,324

2005

4,120

1,645

125,082

10,791

2006

4,046

1,473

114,180

9,382

2007

3,402

1,281

92,719

9,656

2008

3,008

1,217

84,587

9,067

2009

3,008

996

77,066

7,786

2010

3,008

869

68,821

7,200

2011

2,773

809

61,757

6,402

2012

2,425

743

56,303

5,940

* The company acquired its land bank post-crop season

The dedication of SITLH to supporting the country’s agricultural sector is further underpinned by its involvement also in the following activities:

Agricultural Morcellement

Agricultural Diversification

This unique experience can be brought to bear on future innovative projects in the agricultural sector.